Very true. Especially if you are a wage earner or a small business owner trying to build wealth on your own. A simple piece of advice from someone who made it.... 'Buy the biggest house you can afford and drive the smallest car you can get away with'. Why? As a general rule, a house will appreciate over time, a car can only depreciate. You need to make what little money you have work for you, not the other way round. You defer gratification so you can build capital. You want to cultivate good financial habits that will serve you a lifetime. Being spendthrift on expensive cars early in life is not an admirable trait. You should be secure in your own ability and not try to impress others with luxury toys. After you made it and have surplus funds, you can indulge yourself a little if you like.